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harry reid respond afterwards and said it's the house of representatives that is sitting on their postiors because the house passed their bills last year. they haven't acted. we are going to get votes in the senate over the next couple of days on a democratic and republican alternative to replace sequester but, of course, everyone knows, sue, that neither one of those bills is going to pass so the president is going to keep pounding. republicans are going to try to hold line on taxes, and we've got an unresolved standoff that will go on for a few more weeks until the sequester begins to bite. >> it's like groundhog day. we've seen this movie before. it's just ridiculous. >> you know, health care, defense, public safety, education, those are some of the areas that the president said will be hurt by those possible sequester cuts. >> but hasn't said anything about the banks, and my next guest says he should. fred cannon is an author behind a report, and he's certainly sounding the alarm on the sequester's impact on the financials. fred, why? i don't think most anybody is foc
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